City-by-city price comps
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The housing market collapse hasn't messed much with this Texas town. Price declines in the resale market have been moderate, and the job market has remained more stable than other Texas cities because of fewer mass layoffs and a large government/military presence. John Burns Real Estate Consulting says an anticipated 2.6-percent drop in the payroll workforce this year will contribute to diminishing demand. Construction activity is expected to continue to slow as the market softens a bit. | | Median price end of 2008: | $143,400 | | Median price end of 2007: | $151,700 | | Percent change: | -5.5% | | Projected change through Q3 2009: | -1.7% | | Affordability rating: | 3.2 | Foreclosures in 2008:
(1 for every 92 households) | 8,033 | Foreclosures in 2007:
(1 for every 94 households) | 7,658 | | Change in foreclosures: | 4.9% | | Expected to hit bottom: | Q1 2010 | | Percent drop needed to reach bottom: | -1.6% |
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